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Real Estate & Property Law

: The Home Equity Theft Reporter

Foreclosure-Related Federal Lawsuits Against Lenders Skyrocket In California; Reflect Borrowers' Difficulty In Getting Loan Modifications

By r morris

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In San Jose, California, the San Jose Mercury News reports:In the last five years, the number of foreclosure lawsuits filed in federal court in California has ballooned ? like an exploding adjustable-rate mortgage ? from only 29 statewide in 2005 to nearly 1,400 last year. Many such lawsuits also are filed in state courts, which don't track the numbers or the outcomes.The striking increase in

Full post as published by The Home Equity Theft Reporter on March 03, 2010 (boomark / email).

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